Wind power growth to slow, pick up after 2020



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The Business Times

The growth of wind power generation is likely to slow over the next few years, hit by cutbacks in the budget subsidies in the United States and Europe that have driven 15 years of construction, a report published on Wednesday showed.

Held back by a struggling world economy and the failure to create commercial conditions which stimulate more green investment, the report by the Global Wind Energy Council (GWEC) and Greenpeace International expected growth of wind power would not accelerate again until after 2020.

Global installed wind capacity reached 240 GW at the end of 2011, it said, but 2013 looks like a difficult year for the sector amid a rocky environment for global financing.